Odyssey Charter School

Analysis

Odyssey Charter School is a registered charity in United States, based in American Fork, UT. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Odyssey Charter School reported income of $3.7m and spending of $3.9m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $3.7m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Odyssey Charter School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within UT. Charities of a similar size with the same main cause include Legacy Public Charter School ($3.7m), Educational First Steps ($3.7m) and Naval Postgraduate School Foundation Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $116k (3.0% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $5.6m against liabilities of $6.9m, net assets of -$1.2m. It reported 65 employees.